Fatema is a 31-year-old married woman from Ramallah in the West Bank. She lives with her husband in a small old house. Fatema and her husband have an educational center in the city. It is a good business and provides her with a good income, but needs a lot of improvements.
Fatema took a USD loan from Palestine for Credit & Development. This loan will help her to buy equipment for her educational center.
She hopes to increase customers and eventually save enough income to cover expenses for her family.
This loan is special because:
It’s for recent graduates who are eager to start their careers.
More about this loan
The Startup loan is currently being offered by FATEN to recent university and vocational training center graduates whose business is in a startup phase and does not qualify for financing under regular business loan requirements. The risks inherent in lending to startup businesses are mitigated by the creation of a feasibility plan during the loan application process, additional required collateral and an owner’s contribution of at least 25%.
About Palestine for Credit & Development (FATEN):
Palestinians face unique challenges due to the economic and political environment in the West Bank and Gaza. Click here to learn moreabout how Kiva and FATEN are working to help Palestinian borrowers overcome these obstacles and how your support can make a difference.
A loan of $2,000 helps Fatema to buy equipment for her educational center.